is gone fishing
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NECA Chipping away the 4s. No brainer here!
As of today, The Company has also reached a 90-day Standstill Agreement with NECA creditors. The Standstill Agreement between The Company and its creditors is effective immediately. This strategic agreement means that there will be no new issuances of stock for the next 90 days. Furthermore, aggressive endeavors are underway to ensure minimal or even no issuances are necessary after the 90-day period is over. The NECA Transfer Agent remains open and ungagged for the general investing public.
NECA Great News! More updates coming soon... ATLANTA, GA - (NewMediaWire) - November 15, 2016 - New America Energy Corp. (OTC PINK: NECA), through its wholly-owned subsidiary Title King, LLC, proudly initiates the first step of the new three-step investor program by announcing the reduction of 1 Billion Authorized Shares.
This reduction will lower NECA's A/S from 3.9B to 2.9B in line with The Company's goal of creating more favorable share structure conditions ahead of new material developments.
As of today, The Company has also reached a 90-day Standstill Agreement with NECA creditors. The Standstill Agreement between The Company and its creditors is effective immediately. This strategic agreement means that there will be no new issuances of stock for the next 90 days. Furthermore, aggressive endeavors are underway to ensure minimal or even no issuances are necessary after the 90-day period is over. The NECA Transfer Agent remains open and ungagged for the general investing public.
Jeffrey Canouse, CEO of NECA, concludes, "I am very pleased that we will be lowering The Company's Authorized Shares and working with our creditors to secure this Standstill Agreement. These significant corporate changes are completely in line with our plan to return The Company back to fully reporting status while simultaneously creating the conditions necessary to cultivate and create fresh shareholder value."
The Company is excited to announce the second and third updates in our three-step investor program shortly.
http://app.newmediawire.com/news/582a5f1f0d9b0b000bb88ec5?source=twitter
CRCO Holding strong here!
NECA Nice find MOMO... Research Update
: Nov. 15, 2016
Ludlow Research Issues NECA $0.003+ Target Based on Title Loan
Business
(NEW YORK)--
New America Energy Corp.
(OTC: NECA), through its wholly-owned subsidiary
Title King, LLC, issued $0.003+ valuation target based on launch of title loan operations.
The Company recently submitted its BestTitleDeal app to Google Play in August, and is going live
on Apples app store currently.
BestTitleDeal is an industry disruptive FinTech application that management believes could
revolutionize the Title Pawn business by providing a competitive bidding process that will help
ensure each consumer will receive the most cash for their vehicle and at the best rates available.
In addition to driving customers to its flagship brick and mortar store, BestTitleDeal will also act as
a huge revenue source as Title King will focus on generating leads nationwide and once
captured, sell those leads to other lenders across the country at a price ranging from $50.00 to
$100.00 per lead.
Jeff Canouse, CEO, commented, "This is a game changer, not only for Title King but also the
industry. According to Pew Research, roughly Two Million (2,000,000) individuals use Title Pawns
each year, if we only capture 5% of those customers and sell those leads at the low range, you're
looking at Five Million Dollars ($5,000,000.00) in revenue just on a conservative basis. We have
already had tremendous interest from one of the largest Title Pawn companies in the country
wishing to use our App. I look forward to announcing our live App in the near future and will invite
all our shareholders to download it and share their feedback.
Authorized Share Reduction
On Nov. 14, 2016, the Company announced the reduction of 1 Billion Authorized Shares.
This reduction will lower NECA's A/S from 3.9B to 2.9B in line with The Company's goal of
creating more favorable share structure conditions ahead of new material developments.
Fully Reporting Status
In addition, the Company stated it has been working diligently with their accountants in order to
get the Fourth Quarter of 2016 financials finalized. Once completed, the Company intends to
submit number to its Auditor, and hopes to have fully audited numbers within the next month or
so. https://nebula.wsimg.com/7af67f79a65e70797d3fc9868b220b0c?AccessKeyId=F7205B59A244F1B3EF10&disposition=0&alloworigin=1
HWAL With this low float & no dilution we could see an epic run here. GLTUA
HWAL Looking Great! Several catalysts here. Loading more this week.
http://www.asgentertainment.com/
HWAL News update about the recent complaint against Blackbridge Capital LLC Could push us far north.
Hollywall Entertainment, Inc. files Complaint against Blackbridge Capital LLC.
November 1, 2016 Nashville, Tennessee – Hollywall Entertainment, Inc., (OTC Pink: HWAL),
“Hollywall”, files complaint against Blackbridge Capital LLC., “Blackbridge” in its ongoing efforts to rectify the recent volatility in the marketplace.
On August 23, 2016, Hollywall filed an Emergency Verified Complaint for Immediate Injunction and for Declaratory Judgment against Blackbridge with the Circuit Court of the Thirteenth Judicial Circuit in and for Hillsborough County, Florida, Civil Division.
On October 13, 2016, Hollywall was granted a temporary injunction involving Blackbridge to stop further improper conversions of the company’s stock. The injunction was contingent upon Hollywall posting a cash deposit of $10,000 into the trust account of Blackbridge’s attorney, as well as a bond for $29,100; which was set by the court as the market value of the pending 9,000,000 shares of Hollywall’s stock requested by Blackbridge to be released. Hollywall had the understanding that by posting both bonds required for the injunction that this would negate Blackbridge from having the 9,000,000 shares released to them and for the balance of the note being paid in full, meaning no further conversions would be due under the note to Blackbridge.
On October 24, 2016, Hollywall filed an Amended Complaint for additional counts and damages.
The amended complaint contains the original count for declaratory judgment, two counts of breach of contract, two counts of fraud and one count of violation of Chapter 517 of the Florida Statutes. Additionally, in the amended complaint Hollywall is suing Blackbridge for damages alleged for use of a ‘default’ rate of conversion of the alleged debt which is resulting in the exorbitant amount of shares being issued.
On October 26, 2016, an emergency motion to extend the temporary injunction was filed with the Circuit Court. Such motion was denied by the Court since the Court stated in its Order that if the allegations are proven, then Hollywall has a remedy at law, being that money damages can be a remedy to such matters.
On October 27, 2016, the temporary injunction expired and Blackbridge demanded the transfer agent for Hollywall to release the 9,000,000 shares of stock; and the transfer agent complied. On the same day Blackbridge was served the Amended Complaint for Declaratory Judgment and Damages and Summons in their New York Office
On October 28, 2016, 9,000,000 shares of Hollywall’s stock was sold into the market.
Hollywall’s Florida litigation Counsel, Craig Huffman, stated regarding these recent events, “Currently I have four situations going on with other companies, including this, involving these type of Transfer Agent, (TA) letters from several funders. Hollywall is far from alone with this issue. Many companies have entered into these types of agreements with numerous funders across the country and they are creating significant unforeseen issues. These TA letters are a relatively new development in the industry. The problem is that these letters can be the basis for allegations of abuse by some funders. In this amended complaint we have alleged that the default rate of conversion is completely wrong and has no basis under the facts or agreements. Unfortunately, the transfer agents take the view that they have no choice in the face of these TA letters. Hollywall’s claims for damages in the amended complaint of course include all issuances we allege are wrongful and incorrect.”
Hollywall intends to vigorously pursue and protect all shareholders interest and continues to build and expand its operations for future shareholder value.
http://hollywall.com/hollywall-files-complaint-against-blackbridge-capital-llc/
HWAL Yes sir, Also Blackbridge notes finished. Up we go!
HWAL Sweet ss here 61m float...
http://www.otcmarkets.com/stock/HWAL/profile
CRCO 100% agree! Big things coming. Positive updates way over due. GLTUA
HWAL.(.007) Back above .01 in a flash. Stay tuned!
CRCO (.0011) Due for news here!
GTHP = Out of the fry pan & into the fire... 1/800 RS on Monday... http://otce.finra.org/DailyList
GTHP (.0039) Time to move those bids up!
100% agree! Lets do this!
OMG you don't know PSAR? Biggest flipper in the market is now long on MYDX. Lol
Just kidding! PSAR is a technical indicator on the charts...
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar
MYDX (.0352) Our time is very near... California voters will most likely legalize recreational marijuana this November... http://www.latimes.com/local/abcarian/la-me-abcarian-pot-initiative-20160819-snap-story.html
“This is the vote heard round the world,” said ArcView’s chief executive, Troy Dayton. “What we’ve seen before has been tiny compared to what we are going to see in California.”
MYDX $$$$$$$$$$$$$$$
MYDX News Out...LA JOLLA, Calif., Oct. 31, 2016 (GLOBE NEWSWIRE) -- MyDx, Inc. (OTCQB:MYDX), a rapidly growing chemical detection company and makers of MyDx®, the first handheld chemical analyzer for consumers, today announced it will present at two, high profile investor conferences this month: the Web Summit in Lisbon, Portugal to be held from November 7-10, and the World of Cannabis Summit in Las Vegas from November 15-16.
Additionally, MyDx Chairman and Chief Executive Officer Daniel R. Yazbeck
will be attending the ArcView Group meetingNovember 14-15 in Las Vegas. ArcView is the legal cannabis industry's premier hub for ?investment, data and progress. Mr. Yazbeck is being featured in the new 2016 Cannabis Investor Study co-published and co-produced by ArcView Market Research and New Frontier Data. An investor member since 2013, he is one of only three cannabis company leaders featured with an "Entrepreneur Q&A" interview published in the 55-page Report.
"The Vote Heard Round the Word:" Cannabis Industry Anticipates November 8, Election
These upcoming events hold special importance as the cannabis industry is highly anticipating the November 8, vote in nine States with ballot initiatives to legalize cannabis in some regulatory form, five of whom including California are asking voters to approve recreational use.
The New York Times reports: "The market for both recreational and medicinal marijuana is projected to grow to $22 billion in four years from $7 billion this year if California says yes, according to projections by the ArcView Group, a company that links investors with cannabis companies.
"This is the vote heard round the world," said ArcView's chief executive, Troy Dayton
. "What we've seen before has been tiny compared to what we are going to see in California."
World of Cannabis Summit, Las Vegas
At the World of Cannabis Summit, MyDx will host a booth on the main exhibitor floor. Also, Mr. Yazbeck will present on the panel titled, "Funding your Business" on November 16, 2016 at 10:00 a.m. PST, where he will be joined by the other two panel members Keith McCarty
, CEO and Founder of Eaze, offering a leading cannabis delivery service App which just raised $13 million in its Series B round, and Randy Shipley
, President of MJIC, a leader in media and professional services in the cannabis industry.
There, Mr. Yazbeck will share his unique insights and expertise from his success leading MyDx from a crowdfunded startup to rapidly growing public company already nearing positive cash flow. For more information, visit: http://worldofcannabissummit.com/about/.
The Company last week announced it has launched its OrganaDx sensor chip. The Company's CannaDxTM Sensor chip enables consumers to test, analyze and evaluate cannabis for potency and composition of psychoactive, and non-psychoactive medicinal, chemical components. Its newly launched OrganaDx sensor enables consumers to test cannabis for safety. The groundwater under any crop may be contaminated and many growers, both indoor and outdoor, use pesticides or fertilizers that contain dangerous toxins as the media routinely confirms.
Web Summit, Lisbon, Portugal: "Europe's Largest Technology Marketplace"
Known as "Europe's Largest Technology Marketplace," the Web Summit is "home to many independent conferences" (https://websummit.net/). This event provides MyDx a unique opportunity to introduce its growing product line directly to a wide range of prospective partners and customers at the highest levels of industry and technology worldwide.
With over 50,000 tech CEOs, founders, startups, investors and political leaders already booked, a sampling of attending global brand luminaries includes: Facebook CMO Gary Briggs, Groupon CEO Rich Williams
, Spotify CMO Seth Farbman, Forbes President Mike Perlis
, Burning Man Project Founding Board Member Marian Goodell, Tinder Co-Founder and CEO Sean Rad
, and Google Ventures General Partner Tom Hulme. Cannabis Industry attendees include Merry Jane
& Stampede Founder and CEO Ted Chung
, and Privateer Holdings CEO Brendan Kenney
. For a complete list of featured attendees, visit https://websummit.net/speakers. Media covering this event include The Guardian, CNN Money, Bloomberg, Tech Crunch, Time Magazine, Wired Magazine and many others.
MyDx will host a booth in a Web Summit exhibitor hall throughout the conference. MyDx was also selected as 1 of 45 companies (1500+ startups attending) by an Independent Panel of IoT and Hardware Specialists to demonstrate its multi-purpose Analyzer, with smart phone app and its growing line of sensors, to a live audience of key global brands on the Web Summit Machine Demo Stage on Thursday, November 10 at 1:15 p.m. GMT.
MyDx: Brand Building at the Global Level
At all three conferences, a member of the MyDx team will be available to meet with institutional investors and industry leaders interested in collaborating on global distribution, marketing and other strategic ventures. To schedule a meeting, please contact Phillip Sugarman
at Investor Relations Partners, the Company's IR counsel of record, at 818-280-6800. http://www.nasdaq.com/press-release/mydx-attending-three-november-industry-and-investor-conferences-ceo-yazbeck-to-present-on-cannabis-20161031-00804
MYDX News Out...LA JOLLA, Calif., Oct. 31, 2016 (GLOBE NEWSWIRE) -- MyDx, Inc. (OTCQB:MYDX), a rapidly growing chemical detection company and makers of MyDx®, the first handheld chemical analyzer for consumers, today announced it will present at two, high profile investor conferences this month: the Web Summit in Lisbon, Portugal to be held from November 7-10, and the World of Cannabis Summit in Las Vegas from November 15-16.
Additionally, MyDx Chairman and Chief Executive Officer Daniel R. Yazbeck
will be attending the ArcView Group meetingNovember 14-15 in Las Vegas. ArcView is the legal cannabis industry's premier hub for ?investment, data and progress. Mr. Yazbeck is being featured in the new 2016 Cannabis Investor Study co-published and co-produced by ArcView Market Research and New Frontier Data. An investor member since 2013, he is one of only three cannabis company leaders featured with an "Entrepreneur Q&A" interview published in the 55-page Report.
"The Vote Heard Round the Word:" Cannabis Industry Anticipates November 8, Election
These upcoming events hold special importance as the cannabis industry is highly anticipating the November 8, vote in nine States with ballot initiatives to legalize cannabis in some regulatory form, five of whom including California are asking voters to approve recreational use.
The New York Times reports: "The market for both recreational and medicinal marijuana is projected to grow to $22 billion in four years from $7 billion this year if California says yes, according to projections by the ArcView Group, a company that links investors with cannabis companies.
"This is the vote heard round the world," said ArcView's chief executive, Troy Dayton
. "What we've seen before has been tiny compared to what we are going to see in California."
World of Cannabis Summit, Las Vegas
At the World of Cannabis Summit, MyDx will host a booth on the main exhibitor floor. Also, Mr. Yazbeck will present on the panel titled, "Funding your Business" on November 16, 2016 at 10:00 a.m. PST, where he will be joined by the other two panel members Keith McCarty
, CEO and Founder of Eaze, offering a leading cannabis delivery service App which just raised $13 million in its Series B round, and Randy Shipley
, President of MJIC, a leader in media and professional services in the cannabis industry.
There, Mr. Yazbeck will share his unique insights and expertise from his success leading MyDx from a crowdfunded startup to rapidly growing public company already nearing positive cash flow. For more information, visit: http://worldofcannabissummit.com/about/.
The Company last week announced it has launched its OrganaDx sensor chip. The Company's CannaDxTM Sensor chip enables consumers to test, analyze and evaluate cannabis for potency and composition of psychoactive, and non-psychoactive medicinal, chemical components. Its newly launched OrganaDx sensor enables consumers to test cannabis for safety. The groundwater under any crop may be contaminated and many growers, both indoor and outdoor, use pesticides or fertilizers that contain dangerous toxins as the media routinely confirms.
Web Summit, Lisbon, Portugal: "Europe's Largest Technology Marketplace"
Known as "Europe's Largest Technology Marketplace," the Web Summit is "home to many independent conferences" (https://websummit.net/). This event provides MyDx a unique opportunity to introduce its growing product line directly to a wide range of prospective partners and customers at the highest levels of industry and technology worldwide.
With over 50,000 tech CEOs, founders, startups, investors and political leaders already booked, a sampling of attending global brand luminaries includes: Facebook CMO Gary Briggs, Groupon CEO Rich Williams
, Spotify CMO Seth Farbman, Forbes President Mike Perlis
, Burning Man Project Founding Board Member Marian Goodell, Tinder Co-Founder and CEO Sean Rad
, and Google Ventures General Partner Tom Hulme. Cannabis Industry attendees include Merry Jane
& Stampede Founder and CEO Ted Chung
, and Privateer Holdings CEO Brendan Kenney
. For a complete list of featured attendees, visit https://websummit.net/speakers. Media covering this event include The Guardian, CNN Money, Bloomberg, Tech Crunch, Time Magazine, Wired Magazine and many others.
MyDx will host a booth in a Web Summit exhibitor hall throughout the conference. MyDx was also selected as 1 of 45 companies (1500+ startups attending) by an Independent Panel of IoT and Hardware Specialists to demonstrate its multi-purpose Analyzer, with smart phone app and its growing line of sensors, to a live audience of key global brands on the Web Summit Machine Demo Stage on Thursday, November 10 at 1:15 p.m. GMT.
MyDx: Brand Building at the Global Level
At all three conferences, a member of the MyDx team will be available to meet with institutional investors and industry leaders interested in collaborating on global distribution, marketing and other strategic ventures. To schedule a meeting, please contact Phillip Sugarman
at Investor Relations Partners, the Company's IR counsel of record, at 818-280-6800. http://www.nasdaq.com/press-release/mydx-attending-three-november-industry-and-investor-conferences-ceo-yazbeck-to-present-on-cannabis-20161031-00804
MYDX No dilution...Read the chart!
MYDX 100% Agree! Grab all you can at this level. PR Bonanza has begun!
MYDX At all three conferences, a member of the MyDx team will be available to meet with institutional investors and industry leaders interested in collaborating on global distribution, marketing and other strategic ventures. To schedule a meeting, please contact Phillip Sugarman at Investor Relations Partners, the Company’s IR counsel of record, at 818-280-6800.
What are your thoughts on this? MR.new
MYDX MMs want your shares...Buy opportunity unless a nevous nellie you are!
MYDX News Out...LA JOLLA, Calif., Oct. 31, 2016 (GLOBE NEWSWIRE) -- MyDx, Inc. (OTCQB:MYDX), a rapidly growing chemical detection company and makers of MyDx®, the first handheld chemical analyzer for consumers, today announced it will present at two, high profile investor conferences this month: the Web Summit in Lisbon, Portugal to be held from November 7-10, and the World of Cannabis Summit in Las Vegas from November 15-16.
Additionally, MyDx Chairman and Chief Executive Officer Daniel R. Yazbeck
will be attending the ArcView Group meetingNovember 14-15 in Las Vegas. ArcView is the legal cannabis industry's premier hub for ?investment, data and progress. Mr. Yazbeck is being featured in the new 2016 Cannabis Investor Study co-published and co-produced by ArcView Market Research and New Frontier Data. An investor member since 2013, he is one of only three cannabis company leaders featured with an "Entrepreneur Q&A" interview published in the 55-page Report.
"The Vote Heard Round the Word:" Cannabis Industry Anticipates November 8, Election
These upcoming events hold special importance as the cannabis industry is highly anticipating the November 8, vote in nine States with ballot initiatives to legalize cannabis in some regulatory form, five of whom including California are asking voters to approve recreational use.
The New York Times reports: "The market for both recreational and medicinal marijuana is projected to grow to $22 billion in four years from $7 billion this year if California says yes, according to projections by the ArcView Group, a company that links investors with cannabis companies.
"This is the vote heard round the world," said ArcView's chief executive, Troy Dayton
. "What we've seen before has been tiny compared to what we are going to see in California."
World of Cannabis Summit, Las Vegas
At the World of Cannabis Summit, MyDx will host a booth on the main exhibitor floor. Also, Mr. Yazbeck will present on the panel titled, "Funding your Business" on November 16, 2016 at 10:00 a.m. PST, where he will be joined by the other two panel members Keith McCarty
, CEO and Founder of Eaze, offering a leading cannabis delivery service App which just raised $13 million in its Series B round, and Randy Shipley
, President of MJIC, a leader in media and professional services in the cannabis industry.
There, Mr. Yazbeck will share his unique insights and expertise from his success leading MyDx from a crowdfunded startup to rapidly growing public company already nearing positive cash flow. For more information, visit: http://worldofcannabissummit.com/about/.
The Company last week announced it has launched its OrganaDx sensor chip. The Company's CannaDxTM Sensor chip enables consumers to test, analyze and evaluate cannabis for potency and composition of psychoactive, and non-psychoactive medicinal, chemical components. Its newly launched OrganaDx sensor enables consumers to test cannabis for safety. The groundwater under any crop may be contaminated and many growers, both indoor and outdoor, use pesticides or fertilizers that contain dangerous toxins as the media routinely confirms.
Web Summit, Lisbon, Portugal: "Europe's Largest Technology Marketplace"
Known as "Europe's Largest Technology Marketplace," the Web Summit is "home to many independent conferences" (https://websummit.net/). This event provides MyDx a unique opportunity to introduce its growing product line directly to a wide range of prospective partners and customers at the highest levels of industry and technology worldwide.
With over 50,000 tech CEOs, founders, startups, investors and political leaders already booked, a sampling of attending global brand luminaries includes: Facebook CMO Gary Briggs, Groupon CEO Rich Williams
, Spotify CMO Seth Farbman, Forbes President Mike Perlis
, Burning Man Project Founding Board Member Marian Goodell, Tinder Co-Founder and CEO Sean Rad
, and Google Ventures General Partner Tom Hulme. Cannabis Industry attendees include Merry Jane
& Stampede Founder and CEO Ted Chung
, and Privateer Holdings CEO Brendan Kenney
. For a complete list of featured attendees, visit https://websummit.net/speakers. Media covering this event include The Guardian, CNN Money, Bloomberg, Tech Crunch, Time Magazine, Wired Magazine and many others.
MyDx will host a booth in a Web Summit exhibitor hall throughout the conference. MyDx was also selected as 1 of 45 companies (1500+ startups attending) by an Independent Panel of IoT and Hardware Specialists to demonstrate its multi-purpose Analyzer, with smart phone app and its growing line of sensors, to a live audience of key global brands on the Web Summit Machine Demo Stage on Thursday, November 10 at 1:15 p.m. GMT.
MyDx: Brand Building at the Global Level
At all three conferences, a member of the MyDx team will be available to meet with institutional investors and industry leaders interested in collaborating on global distribution, marketing and other strategic ventures. To schedule a meeting, please contact Phillip Sugarman
at Investor Relations Partners, the Company's IR counsel of record, at 818-280-6800. http://www.nasdaq.com/press-release/mydx-attending-three-november-industry-and-investor-conferences-ceo-yazbeck-to-present-on-cannabis-20161031-00804
Another week, another DUMP onto unsuspecting shareholders.
"Lure" them in with a nice little run.
Now a long series of RED days.
Another bio experiment gone horribly wrong. Lol
HEheheeeee I knew it had something to do with cross breading!
MYDX 100% agree! Big winner here & we are just getting started. Check back in Dec.!
Completely agree!! We're looking at a MASSIVE RUNNER soon here
OrganaDx: $120 Billion TAM and Boost to MyDx Earnings Power
MYDX Yes sir, Here comes nick!
OrganaDx: $120 Billion TAM and Boost to MyDx Earnings Power
Accordingly, MyDx is confident that consumers pairing the CannaDx and new OrganaDx sensors will drive sales of both products and the multi-use Analyzer. Offering three different Sensor chips enables MyDx customers to leverage the cost of the Analyzer by testing food, water, cannabis composition and cannabis/vape oil safety – all of which multiplies the Analyzer’s utility and value.
Industry analysts project the global organic food and beverage market is expected to grow from $80 billion in 2013 to $162 billion by 2018 for a 15% Compounded Annual Growth Rate (CAGR).1 Further, over 10% of fruits and vegetables sold in the U.S. are organic.2
MyDx Launches OrganaDx™ to Test for Pesticides & Heavy Metals in Cannabis and Food for Safety
Oct 27, 2016
OTC Disclosure & News Service
-
LA JOLLA, Calif., Oct. 27, 2016 (GLOBE NEWSWIRE) -- MyDx, Inc. (OTCQB:MYDX), a rapidly growing chemical detection company and makers of MyDx®, the first handheld chemical analyzer for consumers, today announced it has launched its OrganaDxTM single use sensor chip for the analysis of pesticides and heavy metals in cannabis, fruits and vegetables. The Company today also released a commercial that will be aired to announce the launch of OrganaDx and increase overall exposure for the Company and the new product line. The commercial can be seen by visiting the following link: Launch of OrganaDx Commercial.
MyDx Launches OrganaDx(TM) to Test for Pesticides & Heavy Metals in Cannabis and Food for Safety
OrganaDx Able to Test for Pesticides in Top 10 Crops, Including Cannabis
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/89abcaa7-e284-4a07-a086-e52842d4ad96
OrganaDx: The Next Generation in Consumer Grade Cannabis and Food Safety Testing
OrganaDx puts real-time, affordable analysis in the palms of consumers’ hands. It enables consumers to detect pesticides or heavy metals in cannabis and food, ensuring that you and your family do not unknowingly consume dangerous cancer-causing toxins at unsafe levels.
OrganaDx enables consumers to test cannabis, or cannabis vape oil, for the same pesticides and heavy metals. According to a report published by Smithsonian.com, “Tests also show that marijuana plants can draw in heavy metals from the soil in which they are grown, and concentrating THC can increase the amounts of heavy metals, pesticides or other substances that end up in a product.”
The Company’s CannaDxTM Sensor chip enables consumers to test, analyze and evaluate cannabis for potency and composition of psychoactive, and non-psychoactive medicinal, chemical components. Its OrganaDx sensor now enables consumers to test cannabis for safety. The groundwater under any crop may be contaminated and many growers, both indoor and outdoor, use pesticides or fertilizers that contain dangerous toxins as the media routinely confirms.
OrganaDx and the Rapidly Growing $6 Billion Cannabis Marketplace
Current polling suggests California is likely to pass its recreational marijuana initiative (Proposition 64) in next month’s election. That, alone, will more than triple the number of U.S. residents living in states where they can buy or grow cannabis without a physician’s recommendation. A total 82 million US residents live in states that could relax rules on cannabis in about two weeks, most of which are expected to pass initiatives permitting recreational or medicinal cannabis.
“Of our product family of four sensors, we launched the CannaDx sensor first,” MyDx Chairman and CEO Daniel R. Yazbeck explained. “Because few states require growers or dispensaries to test the cannabis they sell, the product quality is largely unregulated. This contrasts with water, food and air, all of which have multiple state and federal agencies regulating their quality and anyone that might affect it, although many see their track record as imperfect at best as Flint, Michigan amongst many other incidents exemplifies. Ultimately, it is up to the consumer to Trust & Verify® the safety of what they eat, drink and inhale.
“In the cannabis marketplace, however, very few growers, dispensaries or producers of cannabis flower, distilled concentrate or oil for vape pens obtain and publish independent lab tests for their products potency or safety from poisonous toxins. Today, MyDx receives more inquiries about how to test cannabis for pesticides and heavy metals than it does for food and water combined. To its credit, the media routinely investigates and reports on the prevalence of pesticides and heavy metals in cannabis, especially in the popular THC oil/propellant commonly used in vape pens.”
OrganaDx: $120 Billion TAM and Boost to MyDx Earnings Power
Accordingly, MyDx is confident that consumers pairing the CannaDx and new OrganaDx sensors will drive sales of both products and the multi-use Analyzer. Offering three different Sensor chips enables MyDx customers to leverage the cost of the Analyzer by testing food, water, cannabis composition and cannabis/vape oil safety – all of which multiplies the Analyzer’s utility and value.
Industry analysts project the global organic food and beverage market is expected to grow from $80 billion in 2013 to $162 billion by 2018 for a 15% Compounded Annual Growth Rate (CAGR).1 Further, over 10% of fruits and vegetables sold in the U.S. are organic.2
MyDx’s next-generation OrganaDx technology will empower consumers with the ability to disrupt and increase the marketplace with consumer-based food testing. The OrganaDx Sensor chip will work interchangeably with the multi-use MyDx platform, and, along with CannaDxTM and AquaDxTM, is the third of its four different sensors. Its fourth sensor, AeroDxTM, is designed to measure air quality by monitoring the levels of certain harmful chemicals (VOC’s) in the surrounding environment. AeroDx is also being programmed to test Cannabis oil for residual solvents. It is currently in beta stage testing and slated for launch in the first half of 2017.
In addition, MyDx plans to introduce new, digitized versions of its OrganaDx and AquaDx Single Use Sensors that will provide more advanced functionality and customer benefits. Details will be announced in preparation of its launch at a later time.
Why OrganaDx? The Dirty Dozen
Food testing is particularly important when buying non-organic produce that is known to be notoriously high in pesticides, commonly referred to as the “Dirty Dozen” (strawberries top the list). AquaDx tests raw fruits and vegetables for pesticides, heavy metals and other neurotoxic chemicals to the US Military Exposure Guideline (MEG) for safety.
The single-use OrganaDx sensor provides a pass/fail report within six minutes, including an analysis of the toxins tested. Whether you are a consumer who wants to protect your family from foods containing dangerous levels of cancer causing chemicals, or a cannabis dispensary owner who wants to ensure you are not buying or selling contaminated cannabis or THC vape oil, MyDx encourages its customers to use its Analyzer as a primary screening tool. Customers receiving a “fail” test should send the tainted food or cannabis to a commercial laboratory for more granular analysis.
The single-use OrganaDx sensor chips simply require pre-soaking the fruit or vegetable or cannabis in hot water for one minute to leach the chemicals into the water. The concentrated sample of water with leached chemicals is then applied to the sensor chip with the dropper provided, which will report a PASS or FAIL within 6 minutes.
Commenting on the OrganaDx launch, Mr. Yazbeck said, “Everyone eats fruits and vegetables. Here in the U.S., cancer rates have increased dramatically over the past 50 years and many scientists, researchers and experts, including the Environmental Working Group, have linked the toxic chemicals OrganaDx screens for, to cancer. Raising the stakes, children with developing brains and bodies are typically more at risk other major demographic groups. I live in San Diego, buy fruits and vegetables at local reputable grocers and farmers markets, and yet have purchased strawberries that have failed using our OrganaDx sensor which tested to be tainted with unsafe levels of carcinogens. It is important to spot-check all the fruits and vegetables for my family.”
For an in-depth understanding of why these fruits and vegetables are on the list, and why it is important, please visit the highly respected Environmental Working Group’s recent update on its Dirty Dozen at www.ewg.org/foodnews/summary.php.
The Next Generation of Consumer-Grade Cannabis and Food Quality Testing
Even if you rigorously wash your produce, there is still a high likelihood that pesticides will have lingered on the surface or may have already seeped into that particular fruit or vegetable. Pesticides have been shown to cause a myriad of adverse effects in humans, including increasing the risk of cancer, impeding neurological development and function, adversely affecting developing fetuses, decreasing fertility, and more. It is, therefore, advisable to purchase organically grown produce and, when possible, to test for these pesticides. Our OrganaDx sensor will allow you to do just that, keeping you and your family safe.
OrganaDx provides its users with a Total Toxicity ProfileTM (TTP), a proprietary rapid response measurement interpretation that reports a TTP of Pass or Fail based on the presence of neurotoxic chemicals in water at concentrations that exceed the US Military Exposure Guideline (MEG) for safety of drinking water (assuming 7-14 day exposure, 15L/day consumption, 70kg person) and are below the estimated Human Lethal Consumption (HLC) guideline. This test covers key organophosphate/carbamate pesticides and toxic heavy metals. The OrganaDx sensor also detects the most common, highly poisonous Organophosphate Pesticides (such as Malathion, Diazinon and others) that have been linked to Cancer by the World Health Organization (see https://www.cdxlife.com/wp-content/uploads/MonographVolume112.pdf).
Ordering OrganaDx
A two-pack Pesticides & Heavy Metals OrganaDx single-use Sensor Kit can be purchased on the MyDx website for only $24.95. The Company anticipates launching new, digital multi-sensor bundled specials in December prior to the holidays.
http://www.otcmarkets.com/stock/MYDX/news/MyDx-Launches-OrganaDx-trade--to-Test-for-Pesticides--amp--Heavy-Metals-in-Cannabis-and-Food-for-Safety?id=143403&b=y